Remarks

Industrial Investment Opportunity in Rocky Mount, NC.
COECO Office Systems, Inc currently occupies the majority of the space within the building, allowing for additional income to be added in the remaining 12,500 SQ FT heated Warehouse space.

• CAP Rate - 7 percent
• Value Add: Additional 12,500 square feet of conditioned warehouse space with a lay-down yard is also available for lease, providing the opportunity for even more revenue. Potential total NOI Projections = $155,250
• Close proximity to CSX Carolina Connector

Lease Terms:
* Base Rent = $4,687.50 monthly/$56,250 annual
* NNN $1 prorated = $1,041.66 monthly / $12,500 annual
* 2 - 10 YR Term
* 3% Annual Escalations
* Electrical service: at the main distribution panel (MDP) is rated at 800 amps, three-phase, four-wire, 120/208 volts, alternating current feeding circuit breaker panels.

Details

MLS#: 10010368
Price: $1,414,286

Style: Warehouse
Sq Ft: 47900
Year Built: 1970

County: Nash
Lot Size: 3.45
Tax Fee: 11546